Within the past year, around $70 million has been locked in the Synthetix DEX (Decentralized Exchange). Today, the exchange announced that their mobile app was discontinued so that the team could focus on other things. Synthetix has sat atop the DeFi Pulse “value locked” list for quite some time, trailing closely behind Compound and Maker.
Looking at high percentage APR on margin DEX sites like DyDx and Fulcrum can be intimidating when you’re used to seeing .01% funding on BitMex. With a bit of high school level financial math, it becomes more apparent how competitive these exchanges can be for low leverage traders. Why it isn’t that expensive BitMex charges
U.S. regulators are focusing on making crypto margin trading less accessible to U.S. citizens. There are alternatives like Deribit who offer an identical perpetual swap contract but the exchange has less liquidity. On top of being illiquid, it is too similar in nature and therefore just as easy to regulate. If easy access comes to